CONTINGENT CLAIM
contingent claim: translation
- contingent claim
-
a claim that may be owed by the debtor under certain circumstances. For example, where the debtor is a cosigner on another person's loan and that person fails to pay (Glossary of Common Bankruptcy Terms)
A claim against a debtor that will only result in liability upon the occurrence of some future event, which event may never arise (SA-Bankruptcy.com)
United Glossary of Bankruptcy Terms2012.